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Dec 26, 2012
12/12
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FBC
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any resolution and there is no deal done by then, we can see programs actually being shut down on the defense contracting side and other government services not being paid for. that i can see. much higher taxes soaking up the revenue. so yes, that is a big thing. this is all gamesmanship about going over the cliff. both sides can say they win if they go fo over the cliff, oddly enough. and that is where we are going. shibani: i wants to ask both of you, when are we going to get back to fundamentals? the bottom line for investors, when are we going to get back to fundamentals, what month, what quarter in 2013? >> i think it will be in a couple of weeks here in january. it is earnings season, we will get a picture into what companies are seeing. it is almost irrelevant what happened in the fourth quarter. we want to pay attention to what they're seeing from their customers looking into the future. shibani: what are you looking for in 2013? >> i think we will get there when we figure out this cliff situation and the other half when the fed lays off the pedal because that is the other real peace
any resolution and there is no deal done by then, we can see programs actually being shut down on the defense contracting side and other government services not being paid for. that i can see. much higher taxes soaking up the revenue. so yes, that is a big thing. this is all gamesmanship about going over the cliff. both sides can say they win if they go fo over the cliff, oddly enough. and that is where we are going. shibani: i wants to ask both of you, when are we going to get back to...
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Dec 28, 2012
12/12
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FBC
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it's not just defense companies. it's also other companies that get a lot in the way of government contracts, and there's companies here, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover financials and others cited there. adam: i have friends saying there's no fiscal cliff, it's make believe trumped up by the media and parties to scare people, get rate, and, perhaps bring about policy that's not true. look at the companies, the fact that the government -- look at the contracts that would be canceled, those are people who would lose jobs in several months. the recession that the cbo is legitimate looking at that list. >> that's right, adam. it's interesting because it flushes out what companies basically operate on the
it's not just defense companies. it's also other companies that get a lot in the way of government contracts, and there's companies here, get 50% or more of their sales from government contracts. really interesting stuff. it's not just, again, defense companies. you're going to see waste management in there, an environmental company. motorola in there as well. we talked to fidelity. they are concerned as well telling amists to watch for certainly insexes -- indexes and others that cover...
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Dec 28, 2012
12/12
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CNBC
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those things will continue to pressure defense. any plan will have to involve some defense cuts. that will see pressure as well. we're concerned about the broad economic story industrials, materials, that's where i'm concerned. >> here's the time line, 5:30 p.m., the white house is going to have a conference call with ceos. at 5:45 p.m., president obama will make a statement. meantime we're asking will all of this hurt the united states credit rating? we'll have shawn eekin when we come right back. stay tuned. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. fr
those things will continue to pressure defense. any plan will have to involve some defense cuts. that will see pressure as well. we're concerned about the broad economic story industrials, materials, that's where i'm concerned. >> here's the time line, 5:30 p.m., the white house is going to have a conference call with ceos. at 5:45 p.m., president obama will make a statement. meantime we're asking will all of this hurt the united states credit rating? we'll have shawn eekin when we come...
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Dec 26, 2012
12/12
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FBC
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eye 92
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defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. starsaving at citi.com/pricerewind. dagen: more good news for recovering the housing market. home prices in the 20 city index grew 4.3% from a year ago. chicago, new york were the only two cities with negative returns and october. starbucks urging washington to come together on the fiscal cliff. literally. the ceo is building employees that all d.c. area employees should write things on the cops. they want to serve as a rallying cry. of course, that
defense cuts are coming in a big way. a look at world currencies and how they are holding up against the dollar. ♪ [ malennouncer ] it's tt me of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super...
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Dec 26, 2012
12/12
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FBC
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we will certainly see a lot less economic activity, and particularly in the military sector, i think defense procurement will ground to a halt, and that will have, again, an impact on the economy and it will be deleterious. david: let's talk about the politics of some of this. >> sure. david: nancy pelosi -- i very rarely agree with her as you well know. >> i do know. david: but she said something i kind of agree with. she was talking about the republicans. she was defending her comment last may that taxes should only go up on people earning a million dollars. she's come down now to the president's level of 400,000. but she said -- she counter attacked as she often does, she said republicans have already become a little bit pregnant on their tax plans that they're never going to ever raise tax rates. i would have to agree with her. once boehner went off his cliff, if you will, on his pledge not to raise tax rates believing as you just suggested if you raise tax rates, you will probably have a slowdown in economic growth. once they went off that cliff -- what do you think? >> well, i agree wi
we will certainly see a lot less economic activity, and particularly in the military sector, i think defense procurement will ground to a halt, and that will have, again, an impact on the economy and it will be deleterious. david: let's talk about the politics of some of this. >> sure. david: nancy pelosi -- i very rarely agree with her as you well know. >> i do know. david: but she said something i kind of agree with. she was talking about the republicans. she was defending her...
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Dec 27, 2012
12/12
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CNBC
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mechanisms, risk taking but still defensive in orientation. high yield bonds, bank loans, sovereign debt in the emerging markets getting 5-7% interest payments for two year debt along the way. any of those environments or situations, you're likely to get improved returns on your portfolio or fairly good returns without the same list of equities and without under-performing inflation like you will be in cash or traditional treasuries. >> jason, i agree with a lot of what you have to say. i want to focus on high quality dividend stocks. there's an issue there. a lot of people flocked to that sector this year. it underperformed, number one and number two, they're very expensive, utilities, telecoms for verizon. these are considered quote-unquote high quality dividend dents. where else can we look so we doesn't ends up with historic valuation metrics. >> this is an important definition you have to strike. not utilities and telecom, the high dividends, some high quality. we're looking for stable businesses with large profit margins and growth in di
mechanisms, risk taking but still defensive in orientation. high yield bonds, bank loans, sovereign debt in the emerging markets getting 5-7% interest payments for two year debt along the way. any of those environments or situations, you're likely to get improved returns on your portfolio or fairly good returns without the same list of equities and without under-performing inflation like you will be in cash or traditional treasuries. >> jason, i agree with a lot of what you have to say. i...
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Dec 28, 2012
12/12
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CNBC
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we're no different than people in defense and deation, and the hospital industrial complex. everybody wants to pay less and get more. we have to get real in this country. we need to challenge expenses and make sure we're paying as we go. >> governor, always good to see you, sir. thank you for joining us. >> the fiscal cliff is at our doorstep, the fate of our nation is in washington's hands. >> some final thoughts how to manage your money in these dicey times. i can't wait to hear what's going to be said as well, coming up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. all on thinkorswim. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident i
we're no different than people in defense and deation, and the hospital industrial complex. everybody wants to pay less and get more. we have to get real in this country. we need to challenge expenses and make sure we're paying as we go. >> governor, always good to see you, sir. thank you for joining us. >> the fiscal cliff is at our doorstep, the fate of our nation is in washington's hands. >> some final thoughts how to manage your money in these dicey times. i can't wait to...
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Dec 27, 2012
12/12
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MSNBCW
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eye 250
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hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that president obama had, at the top of his short list, the former republican senator, still a republican, chuck hagel of nebraska. he's somebody who's talked about the pentagon as being bloated, had very specific ideas about how to cut it. but mike, sam, the table, we're hearing that that trial balloon has been popped. that senator hagel has a possibility for secretary of defense, has really lost a lot of altitude. and what they discovered was, there's not a natural constituency for him. republicans, as you guys know, have fought with
hit the defense department. but the pentagon's real problem is not those cuts, but the ones that are going to be coming over the next decade. we talked to military contractors, top officials at the pentagon. they see a long period of downward decline. that after the war in afghanistan, there's going to be a period of austerity. they're calling it -- they have a term around the pentagon, a very graphic self-amputation as they cut back over the years. and this was one of the reasons that...
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Dec 28, 2012
12/12
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MSNBCW
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what we see is a confident president and a defensive republican caucus. the president, he won one on this issue as they tell you. the polling shows they will blame republicans. why should he cut what he considered a bad deal? republicans say the president s is -- has played -- overplayed his hand, and they think eventually people will want to keep the bush tax cuts. that assumes that noog bad happens in the economy, which they could both be blamed for. that's why we have the president flying back from hawaii. that's why we have republicans coming in on sunday even though neither side expects it to change any. the great line in this story, the talking bint it they have is the lines of communication remain open, but all are reporting that the lines of communication may remain open but they're not saying anything. they're negotiating out loud. it's like when you send an e-mail and put your boss on it or copy the whole office. you're not trying to persuade but make your point. >> i'll never do that. richard wolf, are you still awake down there. >> i am. i go
what we see is a confident president and a defensive republican caucus. the president, he won one on this issue as they tell you. the polling shows they will blame republicans. why should he cut what he considered a bad deal? republicans say the president s is -- has played -- overplayed his hand, and they think eventually people will want to keep the bush tax cuts. that assumes that noog bad happens in the economy, which they could both be blamed for. that's why we have the president flying...